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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Quotes on making money

Quotes on making money
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy. 
Warren Buffett

To get rich, you have to be making money while you’re asleep.
David Bailey

The hardest thing in the world to understand is the income tax.
Albert Einstein

Making money is a happiness. And that’s a great incentive. Making other people happy is a super-happiness.
Muhammad Yunus

Making money is a hobby that will complement any other hobbies you have, beautifully.
Scott Alexander

If all the economists were laid end to end, they’d never reach a conclusion. 
George Bernard Shaw

I have ways of making money that you know nothing of.
John D Rockefeller

Making money is easy. It is. The difficult thing in life is not making it, it’s keeping it.
John McAfee

Try to save something while your salary is small; it’s impossible to save after you begin to earn more. 
Jack Benny

When buying shares, ask yourself, would you buy the whole company? 
Rene Rivkin

The four most expensive words in the English language are, ‘This time it’s different.’ 
Sir John Templeton

Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.
J Paul Getty

Opportunity is missed by most people because it is dressed in overalls and looks like work.
Thomas Edison